The Pulse (08-28-13)

Aug. 28, 2013 ● Volume 02, Issue 34

With regulatory burden increasing every year, many credit unions may allocate more money toward compliance in 2014. As your credit union begins budgeting for next year, be sure to include the valuable services offered by MnCUN's Compliance & Audit Services Program.

The Compliance & Audit Services Program provides credit unions the opportunity to contract with a highly-qualified professional to help them fulfill their compliance and audit obligations. Compliance and audit services are customized to each credit union and can be scheduled as a one-time service or on a quarterly, semi-annual or annual basis. Credit unions have the option of contracting for ongoing assistance in managing their compliance programs or for the completion of specific compliance oraudittasks.

Through the expertise of MnCUN Compliance & Audit Consultant Marcia Armstrong Lewis, the Network is able to offer credit unions services on a variety of compliance and audit areas, including the Bank Secrecy Act, SAFE Act, consumer lending, FACT Act, real estate lending, vendor management, website compliance and more. Lewis has 25 years of hands-on financial institution experience that has given her an in-depth understanding of the intricacies of credit union operations. Her areas of expertise include risk management, internal audit, training, compliance and operations. She has been a certified compliance officer since 1997 and has been designated a Certified Financial Services Auditor since 1998. She is also certified by CUNA as a Bank Secrecy Act Compliance Specialist.